Business interruption insurance test case – Insurer claims data

December 2021

In January this year the FCA sent a Dear CEO letter to insurers affected by the Test Case which explained that it intended to gather information on all non-damage Business Interruption (BI) policies that can respond to the Covid-19 pandemic following the Court judgments. A list of updated policies was published on 12th March 2021.  The letter also set out the intention to gather information from all affected insurers regularly on the progress of their non-damage BI claims and to publish some of this data.

The FCA has decided to publish the following information at individual firm level:

Some of the figures published include:

Primarily this is provided for information, but firms involved in dealing with BI claims should be aware of the data and keep the results in mind when considering their claims handling processes.

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